Advantages of implementing an extended ERP

 Thanks to the great technological advancements we have witnessed, it was only a matter of time before ERP software began to evolve.

 Systems with ERP II or ERP extended will come to include other members with which the company, including customers, suppliers, employees, and partners are among other concerns. In other words, with ERP II your company will overcome its own barriers, since the client himself will be able, for example, to self-generate a budget and it will also allow him to check the status of his orders, among many other benefits.

  WHAT ARE THE MOST IMPORTANT BENEFITS OF ERP II OR EXTENDED ERP SOFTWARE

 Below we will show you what are the benefits that the use of ERP II software will bring to your company:

 Initially, it can be said that this business management software allows obtaining higher quality information, which you can use to make adjustments in those areas where you have deficiencies. These adjustments can be made based on real and reliable data, so decision making will be greatly facilitated.

 In turn, you can perform reliable statistical calculations so that future sales estimates can be carried out through sales averages. Likewise, seasonal patterns of demand are handled, they also allow the prediction of peaks and breaks and the construction of seasonal predictions for newly introduced products.

 What do you achieve with this? You can come to anticipate with total security the future requirements of your customers; consequently, you can make in advance the purchase orders of the relevant materials to carry out said production.

Read also: Six questions to ask every ERP software vendor

 As mentioned above, extended ERP is able to overcome the lack of communication that exists between the three main factors: the company, the suppliers and the customers. Why? Well, very simple ... this is because the provider becomes one of the main allies, which is able to help satisfy all the needs that customers have, since they are able to provide us with experiences, skills and abilities.

 In addition, it is possible to optimize the management of the warehouse, since it is fully aware of the production requirements. By optimally managing said deposit, purchase orders for materials will only be issued when strictly necessary.

 A very important point about ERP II software is that they are able to offer you a large amount of information about your customers. Being a high quality and reliable information, marketing campaigns can be launched that are segmented, which are aimed at groups of consumers with certain characteristics.

 With this, you will ensure that these marketing campaigns are very effective, managing to cover the particular needs that your customers have, in addition, you will get satisfied customers and consequently their loyalty.

 The ERP software is able to reduce the total costs of the company, therefore, are increased profits, but mostly profit margins. Although initially the cost of implementing this ERP Software solutions in Dubai, in a long period of time, the initial cost will be fully covered by its benefits.

 It is also important to mention that the information stops circulating in a single way throughout the entire value chain, instead it develops in a circular way , that is, all the information that comes out also comes back, thus achieving constant high-quality information and thus be able to reduce the chances of errors.

 The incorporation of an extended ERP in your company involves an entire organization and interrelation of the information that your company collects throughout all its processes. It is for this reason that this business management software facilitates the activities that are carried out, as well as being able to avoid duplication in the work carried out by your company.

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Audits: What is a limited review?

 At AAA-CAS we have provided auditing services to companies for a good number of years , we are characterized by our personalized service to each of the companies, which are usually Arabic SMEs.

 Our basic principle is to understand that there is no single solution for all company problems, but that each company is different and therefore will require different treatment and solutions from the rest. This means that we adapt to the exclusive demands of your company, instead of having a general action plan for all of them.

 We have a series of values ​​and principles within our audits that give us reliability and are a guarantee of quality.

 Audit requirements and different modalities

 Today's audits require a large number of legal assumptions that apply to their increasingly complex and exhaustive financial statements. Shareholders ask for more and more information about the company's accounting and financial statements, therefore the audit requires a very laborious field work, work that AAA-CAS does for you and your company.

 Among the services that we offer you Auditors in Dubai , the account audits, limited reviews and work with independent experts stand out.

 Aspects of a limited review

 The so-called limited review is a kind of examination of the financial statements of the legal and accounting company, in which a certain number of processes are applied, which will allow the professional to provide information on whether there are relevant deviations regarding the practices and correct accounting regulations and other types of events that come to your knowledge that may significantly affect the financial statements.

 The procedure of this review is carried out by asking questions to the senior representatives of the company and also carrying out some analytical and review processes. It is about doing all this as accurately as possible, that is, outside of any type of error.

 The things that we do not include in a limited review range from studying and evaluating the Internal Audit and control system reviews in UAE, testing the different financial statements of your business or corroborating the questions that are asked during this review process.

 The process ends with a report that we issue from the audit, a report that is expressed clearly so that it can be understood by anyone interested in it.

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https://aaacas.wordpress.com/2022/05/16/crm-erp-software-how-it-works-and-the-main-types/

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https://www.abdulrimaaz.com/internal-auditor-what-it-does-how-to-become-one-and-job-opportunities/

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https://www.ebaumsworld.com/blogs/role-of-approved-auditors-in-dubai/87135668/

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https://www.abdulrimaaz.com/erp-system-everything-you-need-to-know/

http://www.johnlabunski.org/14-reasons-to-hire-an-accounting-advisor/

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https://www.freeprnow.com/pr/understand-how-a-field-consultancy-can-help-your-company-grow

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https://www.prlog.org/12901074-understand-how-field-consultancy-can-help-your-company-grow.html

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https://articlescad.com/do-you-know-what-auditing-is-and-its-role-in-companies-24198.html

https://www.fuzia.com/article_detail/313200/do-you-know-what-auditing-is-and-its-role-in

https://www.freeprnow.com/pr/understand-how-a-field-consultancy-can-help-your-company-grow

http://www.apsense.com/article/business-audit-how-it-works-and-how-to-do.html

https://auditorservicesindubai.tumblr.com/post/673353947771207680/business-audit-how-do-you-know-if-your-company

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https://aaacas.tumblr.com/post/671790864328212481/3-tips-to-improve-your-companys-financial

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https://aaacass.wordpress.com/2021/12/28/3-tips-to-improve-your-companys-financial-management-2/

https://medium.com/@chrissmith1mail/what-is-business-consulting-types-and-areas-of-expertise-ce7b68359cd2

https://aaacassspace.quora.com/What-is-business-consulting-types-and-areas-of-expertise-One-of-the-professional-paths-for-those-who-have-affinity-wit

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https://www.issuewire.com/3-tips-for-selecting-an-erp-system-1720374880581001

https://www.prfree.org/@aaa-cas/3-tips-for-selecting-an-erp-system-6rmy438n5kb4

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https://aaacas.tumblr.com/post/671792337752670208/5-reasons-to-choose-payroll-outsourcing

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https://dailygram.com/index.php/blog/1033934/4-tips-to-optimize-the-implementation-of-an-accounting-erp-system/

https://dandheroes.com/2021/12/14/3-reasons-you-need-accounting-software-to-manage-inventories/

https://aaacasdubai.puzl.com/_news/4-TIPS-TO-OPTIMIZE-THE-IMPLEMENTATION-OF-AN-ACCOUNTING-ERP-S/331340

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Audit contributes and Audit Add Value

 Internal audit, a component of the value chain

 Whoever has some experience as an auditor, whether internal or external, will have heard at least once that auditing is only a cost center for the organization. Whether this remark is pronounced without animosity or whether it is a criticism intentionally addressed to the listener, in both cases it is wrong. All the functions of an organization contribute to the creation of added value. Auditing, like the control professions, is no exception. Creating insurmountable boundaries between the management of the organization based on the notions of profit and cost is of little use and above all leads to unproductive considerations ... What distinguishes the professions is their degree of intervention and their positioning in the value chain allowing the organization to margin.

 A definition of added value

 Before concluding on whether or not a profession contributes to the development of added value, it is still necessary to agree on what the creation of wealth generated by an organization is. There is indeed an accounting definition of value added. This corresponds to revenue from sales less purchases and other external charges incurred to achieve revenue. If we stick to this vision of accounting, no direction within the organization could be considered as exclusively contributing value added! Each of them induces costs, including personnel costs, which are not included in the calculation of added value. Of course, it would be reductive to stay at this stage of reflection. Even if the accounting records all transactions, it does not say everything. We therefore prefer an economic approach to identify the added value, namely that it is the result of what is produced by an organization and whose value is greater than the cost of the means mobilized to allow this production. In other words, the organization creates something whose qualities exceed those contained in the resources employed for that creation and taken in isolation.

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 Levers and the environment for the development of added value

 The development of added value depends on levers and the environment. There are many levers. It may be technical innovation, investment in productivity, strengthening of the sales force, more optimal access to financial or natural resources, etc. The environment, for its part, relates to the conditions necessary for the creation of wealth. Some are external to the organization. The macroeconomic context, for example, is a determining factor for the growth of sales, and therefore of added value. In fact, we hardly create value without a buoyant market, just as security, quality infrastructure and sustainable institutions are necessary for the smooth running of business. On these imperatives, the organization alone has no means of action. On the other hand, internally,

 ·         The deployment of an ethic for the production of wealth in compliance with laws and regulations. It is not a question of creating in any way;

·         the management of activities based on ambitious objectives and framed by a budgetary process;

·         The implementation of internal control systems. We do not create wealth without taking risks.

 The auditor contributing to an environment favorable to the creation of added value

 It will be understood that internal audit has its place in the development of an environment favorable to the production of added value. Ethics is a recurring audit subject with regard to its impact on the governance of the organization. Then, the management of activities leads to an assessment of the effectiveness and efficiency of the resources employed compared to the objectives assigned. The internal auditor is also concerned here, since auditing is as much about ensuring that the mechanisms implemented within the organization are effective, even efficient, as it is about checking the compliance of operations. Finally, regarding the control of the risks taken to create wealth, the auditor is in his garden! Since then, difficult to reduce internal auditors in Dubai to a cost center without recognizing the slightest contribution to the development of its organization. On the other hand, the auditor will be careful not to intervene on the levers allowing an increase in business. Without this precaution, his independence, a sine qua non for the exercise of his profession, will be impaired.